Municipal Employees Retirement System of Michigan decreased its position in Washington Federal, Inc. (NASDAQ:WAFD) by 16.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,520 shares of the bank’s stock after selling 6,760 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Washington Federal were worth $1,146,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC boosted its position in Washington Federal by 9.3% in the first quarter. Meadow Creek Investment Management LLC now owns 3,200 shares of the bank’s stock worth $106,000 after buying an additional 272 shares during the period. Creative Planning boosted its position in Washington Federal by 3.1% in the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after buying an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Washington Federal by 61.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,816 shares of the bank’s stock worth $126,000 after buying an additional 1,459 shares during the period. Neuburgh Advisers LLC boosted its position in Washington Federal by 9.3% in the first quarter. Neuburgh Advisers LLC now owns 4,400 shares of the bank’s stock worth $146,000 after buying an additional 374 shares during the period. Finally, Tyers Asset Management LLC boosted its position in Washington Federal by 9.3% in the first quarter. Tyers Asset Management LLC now owns 5,600 shares of the bank’s stock worth $185,000 after buying an additional 476 shares during the period. Hedge funds and other institutional investors own 83.94% of the company’s stock.

Washington Federal, Inc. (WAFD) opened at 32.85 on Thursday. Washington Federal, Inc. has a 12-month low of $25.08 and a 12-month high of $35.95. The company has a market cap of $2.90 billion, a PE ratio of 17.28 and a beta of 1.12. The firm’s 50-day moving average price is $33.26 and its 200-day moving average price is $33.27.

Washington Federal (NASDAQ:WAFD) last posted its earnings results on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $122.54 million during the quarter, compared to the consensus estimate of $120.35 million. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. Equities research analysts forecast that Washington Federal, Inc. will post $1.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, August 2nd. Washington Federal’s payout ratio is presently 31.41%.

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A number of equities analysts have issued reports on the company. BidaskClub cut Washington Federal from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 target price on shares of Washington Federal in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut Washington Federal from a “buy” rating to a “hold” rating in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.00.

In other news, Director Anna C. Johnson sold 4,200 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $32.25, for a total transaction of $135,450.00. Following the completion of the sale, the director now directly owns 28,590 shares of the company’s stock, valued at $922,027.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Kelley sold 6,100 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total transaction of $205,692.00. Following the sale, the director now directly owns 21,185 shares of the company’s stock, valued at $714,358.20. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Washington Federal Company Profile

Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans.

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Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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